Procurement Insights

MAY 1, 2025

Risk Mitigation: Historical archives help identify recurring supplier issues, disruption patterns, and the effectiveness of past mitigation strategies, supporting more resilient procurement planning.

Procurement 40

Procurement Supplier relationship management Supply Chain Optimization Negotiation 40

ivalua

MARCH 1, 2022

Preparing for these future inflationary changes requires strong negotiation capabilities and long-term resilience. . ACT AS A STRATEGIC ADVISOR TO THE BUSINESS . Procurement teams will be empowering a strategy advisor to provide a framework for how to leverage technology, retain talent, and drive sustainable value.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Procurement team supply chain software solutions Sustainability 130

SCMDOJO

SEPTEMBER 18, 2023

In supply chain management, acquisition typically implies a more comprehensive and strategic approach, often involving negotiations, contracts, and sometimes mergers or partnerships. It is a transactional aspect of procurement that involves selecting the best offer based on factors such as price, quality, and delivery terms.

Procurement 105

Procurement Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 105

Supply Chain Game Changer

MAY 26, 2020

With the promise of future business awards Procurement is largely responsible for finding and qualifying potential new suppliers. Once there is a pool of suppliers Procurement conducts and leads the quotation and supplier selection process culminating in the award of business.

Procurement 105

Procurement Purchase orders Supply Chain Optimization Ethics 105

Una

NOVEMBER 1, 2023

Laura is the Director of Business Academy Online, specializing in CIPS procurement training, negotiation, influencing, and emotional intelligence. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Laura Scarfe.

Influencing 78

Influencing Negotiation Business procurement Sourcing 78

The Good Spending

APRIL 2, 2023

Indeed, some colleagues find it simpler to dedicate themselves to tireless supplier negotiations and measure the value creation in savings. Finance will review the draft Demand Plan and negotiate (or simply dictate) the available spend budget. Bad planning and suboptimal demand management cannot be compensated by discounts.

Procurement 98

Procurement Demand Planning Category management Budget 98

TYA Suite

JANUARY 27, 2025

A procurement management software helps in identifying cost-saving opportunities by providing insights into spending patterns and. With procurement management solutions, businesses can negotiate better deals with suppliers, track expenditures, and avoid unnecessary purchases.

Real-time Visibility 40

Real-time Visibility Management Procurement supply chain budgeting 40

Jaggaer

JUNE 28, 2024

Despite the improved economic outlook, half of procurement and finance professionals report that inflation, recession risk, and monetary policy changes are having a major or severe impact on their business.

supply chain budgeting 52

supply chain budgeting Supply chain management Supply chain management Agile and Lean Supply Chain 52

The Good Spending

JANUARY 13, 2024

Recently, we wrote about the information asymmetry in SaaS negotiations : buyers tend to limit their spending on SaaS due to the need for more knowledge of its fair market price. SaaS demand management can help procurement identify cost savings opportunities, boost efficiency, and reduce risk. 100-million-dollar waste.

Contract management 59

Contract management Negotiation Contract Demand 59

The Good Spending

SEPTEMBER 17, 2024

In procurement, buyers are constantly faced with a variety of strategic decisions. Should you negotiate harder for lower prices, cooperate to build long-term partnerships, or optimize processes for efficiency? More importantly, how do you decide based on the risk and impact of the item being procured? Kraljic quadrant.)

Procurement 45

Procurement Buyers Negotiation Risk 45

Procurement Insights

MARCH 5, 2024

2023 CIPS – The Chartered Institute of Procurement & Supply post, these are the top 5 skills today (use the following link to access the full list): Great relationship management. Strong negotiation skills. According to an Oct. Impeccable time management. Strategic thinking. Ability to adapt to change.

Procurement 84

Procurement Supply chain Negotiation Strategy 84

Una

NOVEMBER 30, 2022

81% believe more internal support is needed from within their businesses to realize digital transformation fully. And 50% aim to move to a business procurement-centric organization , acting as advisory consultants and business partners rather than executing routine processes.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Procurement Insights

AUGUST 14, 2024

The current market conditions favor proactive ones, as they can leverage their position to negotiate better terms or even replace the software entirely. While these moves might make sense from a financial standpoint, they often lead to a period of turmoil for the customers who rely on these solutions to run their businesses.

Procurement 98

Procurement Vendor relationships Innovation Leadership 98

Barkers Procurement

JUNE 21, 2023

Improved capabilities for conducting sourcing events such as analytics of supplier bids and efficient feedback loops, enable more effective negotiation tactics resulting in significant savings rates. A BSM platform removes user error, shining a spotlight on this area of the business.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Budget Procurement team 52

Pipefy

FEBRUARY 13, 2023

Source-to-pay (also known as S2P) is a process within procurement that encompasses activities associated with business and supplier interactions. S2P begins much earlier than P2P within procurement and encompasses many additional steps than P2P. They also make it easy for buyers to compare suppliers and negotiate.

Sourcing 52

Sourcing e2e Purchase orders Bidding 52

Procurement Insights

JUNE 3, 2024

Shrinkflation’s Impact on Procurement’s Value Proposition 2024 – What is the “one thing” all successful negotiators know – [link] 2024 – As a procurement professional, what do these three graphs tell you? 2019 – SOS: How can the supply chain make GOOD food more affordable for the masses?

Supply Chain Optimization 87

Supply Chain Optimization Price Supply chain Strategy 87

Procurement Software

FEBRUARY 20, 2024

It then provides you with the tools and dashboards to be able to negotiate or recover any savings resulting from this. Digi Proc DigiProc is a Swedish startup offering a platform for automated supplier negotiations. It enables users to easily negotiate with all of their tactial and tail spend suppliers.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Procurify

MAY 12, 2022

Procurement, on the other hand, is the process of sourcing and purchasing the goods and services a company needs to fulfill its business objectives, usually from an external source, like a third-party vendor or supplier. . An effective procurement strategy can do many things. Negotiation and vendor management.

Purchasing 52

Purchasing Procurement Purchase orders Cost of ownership 52

Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Additionally, outsourcing procurement can lead to significant cost savings in the long run.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

Una

MAY 2, 2023

The basics of small business procurement “Realistically, a company should consider putting formal procurement in place as they scale up, [although] scaling up could mean different things for different businesses.” says Chandhrika.

supply chain software solutions 78

supply chain software solutions Procurement Supply chain Sourcing 78

The Good Spending

MAY 13, 2024

Strangely, Accenture engaged in swift negotiations with the health service, and in September 2006, after making a penalty payment of just £63 million, it duly exited the program. My Udemy course "Modern Approach to Cloud Software (SaaS) Negotiations." My Udemy course "Value-based Procurement." My Udemy course "Procurement Lab."

Procurement 64

Procurement Contract Stakeholder engagement Negotiation 64

Empowering CPO

JULY 17, 2023

Introduction Brief Explanation of the Role of Procurement in Businesses Procurement is the lifeblood of any business, large or small. It’s the complex process through which businesses source and acquire the goods and services they need to operate and grow.

Supply Chain Efficiency 52

Supply Chain Efficiency Management Procurement Supply Chain Optimization 52

The Good Spending

JUNE 15, 2022

Therefore, negotiations will be the most suitable mode of supplier selection. Buyclasses Buyclasses apply to the object of buying and represent its typical attributes and our individual behavior. The decision-making may involve plans to modify the product specifications, prices, terms, or vendors to enhance the product quality or reduce cost.

supply chain budgeting 52

supply chain budgeting Buyers Agile and Lean Supply Chain Supply Chain Optimization 52

Positive Purchasing

NOVEMBER 7, 2022

Objectives often change in creative projects and procurement needs to understand that. Building the supplier relationship might be more critical than negotiating on price and procurement’s most important role might involve facilitating that relationship. Sometimes, price doesn’t matter at the first hurdle.

Sustainability 52

Sustainability Procurement Price Suppliers 52

The Good Spending

JUNE 14, 2024

My Udemy course "Modern Approach to Cloud Software (SaaS) Negotiations." My Udemy course "Value-based Procurement." My Udemy course "Procurement Lab." My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." link] To keep receiving new insights and research, please subscribe here.

Procurement 59

Procurement Influencing Ethics Sourcing 59

The Good Spending

MAY 27, 2024

My Udemy course "Modern Approach to Cloud Software (SaaS) Negotiations." My Udemy course "Value-based Procurement." My Udemy course "Procurement Lab." My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." link] To keep receiving new insights and research, please subscribe here.

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions Supply Chain Optimization 59

Procurement Software

OCTOBER 1, 2024

But without the basics, your team is like a sailing crew without a compass. We’ve covered on previous podcasts and in past articles some of the challenges.

Procurement 52

Procurement Procurement team Real-time Visibility Influencing 52

Una

JUNE 6, 2024

One powerful way procurement can contribute is through intentional supplier selection and management. By prioritizing local and minority-owned businesses , procurement can ensure that a company’s economic impact stays within the community.

Procurement team 52

Procurement team Ethics Suppliers Procurement 52

The Good Spending

MARCH 21, 2024

My Udemy course "Modern Approach to Cloud Software (SaaS) Negotiations." My Udemy course "Value-based Procurement." My Udemy course "Procurement Lab." My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." link] To keep receiving new insights and research, please subscribe here.

Price 59

Price Procurement Negotiation Sourcing 59

Zycus Cognitive Procurement

DECEMBER 15, 2022

For example, companies may choose to negotiate volume-based pricing agreements with suppliers or opt for shorter terms to have more flexibility in their sourcing decisions. Supply chain resilience refers to the ability of businesses to anticipate and adapt to threats and disruptions while maintaining optimal performance levels.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 52

The Good Spending

MARCH 3, 2024

My Udemy course "Modern Approach to Cloud Software (SaaS) Negotiations." My Udemy course "Value-based Procurement." My Udemy course "Procurement Lab." My Udemy course "Adaptive Sourcing: Agile Procurement in Practice." link] To keep receiving new insights and research, please subscribe here.

Procurement 59

Procurement Sourcing Category management Procurement strategies 59

Pipefy

NOVEMBER 3, 2023

6 most common procurement pain points No matter the scale of a business, procurement is a complex process made up of many moving people, processes, and systems. When the procurement process is digitalized, it becomes easier to automate these manual tasks. Pipefy, 2023.

Procurement 52

Procurement Procurement team Supply Chain Efficiency Agile and Lean Supply Chain 52

The Good Spending

DECEMBER 25, 2021

The source-to-pay process from the TCE perspective Considering the Transaction Cost Economics postulates, we should look at the source-to-pay (S2P) process differently.

Sourcing 52

Sourcing Bidding Contract Procurement 52

Procurement Software

OCTOBER 17, 2023

The result is multiple ERP systems and data warehouses being present across different regions or Business Units. Service industries and tech companies In non-manufacturing businesses, Procurement will typically report into the CFO. However, it can often be a challenge to make a compelling business case beyond this.

Data 59

Data Procurement supply chain budgeting supply chain software solutions 59

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Empowering CPO

JUNE 9, 2023

The Importance of Procurement in Business Procurement is the lifeblood of any business. It is the process of sourcing, negotiating, and purchasing the goods and services a business requires to carry out its operations. Introduction A.

Procurement 52

Procurement Supply Chain Efficiency Agile and Lean Supply Chain Quality 52

Claritum

NOVEMBER 16, 2018

“Leading procurement organizations have up to 67 percent more reach and influence over their organization’s spend than average performers” Assessment of Excellence in Procurement (AEP) research. This is a changing and dynamic world and Procurement has to keep up to date if they are going to impact on P&L.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69